Kornit Digital Q1 revenue beats estimates, helped by Atlas MATRIX demand

Overview

• Israel digital textile printer's Q1 revenue rose, beating analyst expectations

• Adjusted EPS for Q1 beat analyst expectations, though company posted small non-GAAP net loss

• Company cites strong AIC model adoption and growing Atlas MATRIX backlog as drivers

Outlook

• Kornit Digital expects Q2 2026 revenue between $51 mln and $55 mln

• Company sees Q2 2026 adjusted EBITDA margin between negative 5% and breakeven

• Kornit Digital says backlog and customer activity provide better visibility into H2 2026

Result Drivers

• AIC REVENUE GROWTH - Co said AIC revenues increased about 103% year over year, reflecting expanded customer adoption and transition to recurring revenue

• SCREEN-TO-DIGITAL SHIFT - Co attributed impressions growth to higher utilization across its installed base and ongoing shift from screen to digital production

• ATLAS MATRIX DEMAND - Co reported strong customer response and a growing backlog for Atlas MATRIX, supporting expansion of digital production at scale

Company press release: ID:nGNX52pGZy

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

• Wall Street's median 12-month price target for Kornit Digital Ltd is $23.00, about 43% above its May 12 closing price of $16.08

• The stock recently traded at 49 times the next 12-month earnings vs. a P/E of 45 three months ago

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